Handelsbanken Fonder AB Has $16.36 Million Holdings in General Mills, Inc. $GIS

Handelsbanken Fonder AB boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,415 shares of the company’s stock after purchasing an additional 24,460 shares during the period. Handelsbanken Fonder AB owned about 0.06% of General Mills worth $16,357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Close Asset Management Ltd acquired a new stake in General Mills in the 3rd quarter valued at approximately $28,000. Davis Capital Management bought a new position in shares of General Mills during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. acquired a new stake in shares of General Mills in the third quarter valued at approximately $32,000. Salomon & Ludwin LLC lifted its position in shares of General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after purchasing an additional 591 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in General Mills by 343.8% during the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Up 0.6%

GIS stock opened at $45.21 on Friday. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35. The stock has a market cap of $24.12 billion, a price-to-earnings ratio of 9.72 and a beta of -0.06. The company has a fifty day moving average price of $45.80 and a two-hundred day moving average price of $47.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 5.4%. General Mills’s dividend payout ratio is presently 52.47%.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Evercore set a $45.00 target price on General Mills in a report on Wednesday, February 18th. Sanford C. Bernstein decreased their price target on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Zacks Research lowered General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $50.42.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.